Younger drivers may see the price of their car insurance rising more than the rate of inflation, it has been revealed.

According research from the car insurance provider, Co-operative Insurance, the cost of car insurance for young motorists has soared four times as fast as inflation within the last year.

Figures found that motorists under the age of 25 saw their car insurance premiums rise by 11.5 per cent in 2008, with the rate of inflation being only 3.1 per cent.

According to the insurance provider, the average cost of car insurance for those under 25 is £1,463.

Yet the insurer also revealed that there have been a growing number of uninsured drivers on Britain’s roads.

David Neave, Co-operative director of general insurance said: "With this continuing trend, which directly reflects the increased risk posed by young drivers, a whole generation could become uninsurable, adding to the already growing problem in the UK."

According to the Environmental Transport Association (ETA) however, young drivers could find cheaper car insurance.

A spokesperson for the ETA said: “Certain policies now offer young drivers cheaper premiums if they agree to avoid driving late at night, which is when most of their collisions take place.”